Price movement without volume is weak. True market direction is confirmed when institutional money enters the market, which shows up as high volume.
Whether you find a specific PDF or read the classics, the "best" advice from a 50-year veteran always boils down to three counter-intuitive truths.
Never risk more than 1% of your total trading account balance on a single trade. If you have a $25,000 account, your maximum risk per trade should be $250. day trading for 50 years pdf best
Here is what makes this PDF a standout resource.
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: Enter long if the price breaks above the high with high relative volume, or short if it breaks below the low.
The Era of Physical Floors and High Commissions (1970s–1980s) Never risk more than 1% of your total
Trading in the direction of the dominant daily trend.
To supplement Jenkins' unique perspective, several other highly-regarded books and PDFs should be on every long-term trader's reading list.